{"id":566553,"date":"2010-05-17T09:24:56","date_gmt":"2010-05-17T13:24:56","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=8211"},"modified":"2010-05-17T09:24:56","modified_gmt":"2010-05-17T13:24:56","slug":"american-superconductor-inks-445m-deal-with-sinovel","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/566553","title":{"rendered":"American Superconductor Inks $445M Deal with Sinovel"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Cleantech\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/wind.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Wind\" \/><\/p>\n<p><a href=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/05\/resize_AmericanSuperconductorLogo.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-8212\" title=\"resize_AmericanSuperconductorLogo\" src=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/05\/resize_AmericanSuperconductorLogo.jpg\" alt=\"\" width=\"200\" height=\"132\" \/><\/a><\/p>\n<p>American Superconductor <a href=\"http:\/\/phx.corporate-ir.net\/phoenix.zhtml?c=86422&amp;p=irol-newsArticle_Print&amp;ID=1427558&amp;highlight=\">has signed a $445 million deal with China\u2019s Sinovel Wind Group<\/a> to provide core electrical components for 1.5 megawatt wind turbines.<\/p>\n<p>The Devens, Mass.-based American Superconductor will begin shipments to Sinovel in 2011 and continue for 30 months. The deal extends an existing multi-year, $450 million contract for the components.<span id=\"more-8211\"><\/span><\/p>\n<p>American Superconductor has grabbed big headlines in the last year by <a href=\"http:\/\/greenenergyreporter.com\/2009\/10\/american-superconductor-to-provide-hardware-for-tres-amigas-project\/\">providing components for the Tres Amigas power grid project<\/a> in New Mexico.<\/p>\n<p>Sinovel, currently the world\u2019s third largest wind turbine manufacturer based on market share, has been growing rapidly and aims to become largest wind company in the world.<\/p>\n<p>The deal allows American Superconductor to make inroads into the Chinese wind market, which is expected to add 18 gigawatts of capacity this year.<\/p>\n<p>At the same time, Western companies have increasingly been squeezed out of the market as state-financed projects show a preference for domestic wind companies such as Sinovel and Xinjiang Goldwind Science and Technology Co.<\/p>\n<p>American Superconductor Chief Executive Officer Greg Yurek said while the deal principally supports Sinovel\u2019s core 1.5 MW turbine, his company has also provided power electronics for 3 MW and 5 MW prototype wind turbines.<\/p>\n<p>Sinovel accounts for 70 percent of American Superconductor\u2019s revenue stream, <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601130&amp;sid=a9i49rukXeq8\">according to Bloomberg<\/a>, which cited Barclays Capital.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/DtfWHg02fTA\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Superconductor has signed a $445 million deal with China\u2019s Sinovel Wind Group to provide core electrical components for 1.5 megawatt wind turbines. The Devens, Mass.-based American Superconductor will begin shipments to Sinovel in 2011 and continue for 30 months. The deal extends an existing multi-year, $450 million contract for the components. American Superconductor has [&hellip;]<\/p>\n","protected":false},"author":854,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-566553","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/854"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=566553"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/566553\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=566553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=566553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=566553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}